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Neave Crescent, Romford, RM3

London

£600,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1643 sqft

Description

This substantial detached property presents an exceptional opportunity for renovation and investment, featuring a flexible layout across four levels. Positioned on a spacious plot with a remarkable width of 30ft, the home is ripe for expansion or further development, subject to necessary planning permissions. The fully habitable basement adds significant value, offering an independent living space complete with its own lounge/dining area, double bedroom, and shower room—ideal for multigenerational living or as an entertainment space separate from the main house. The ground floor welcomes you with a bright hallway leading to a generous living room and a modern kitchen/dining area designed for family gatherings. Additional features include a practical utility room and guest WC. On the first floor, you'll find two large double bedrooms alongside a single bedroom and a family bathroom featuring four pieces. The converted loft adds a fifth private bedroom, maximizing the home's potential. Externally, there's an impressive driveway accommodating up to seven vehicles and gardens at both the front and rear, providing ample outdoor space for relaxation or landscaping projects that could enhance curb appeal. Located in a quiet crescent yet conveniently close to major road networks like the A12 and M25, this property is ideal for families looking to invest in their future while enjoying comfortable living today.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -18.0% below area average per sq ft

-18.0%
Potential saving
This Property
£365/sq ft
Area Average
£446/sq ft
Avg Rent (weekly)
£454
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£805,333
10% above area average per sq ft
Potential ROI
+18.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (RM3)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +4.3%
5 year growth: +19.1%
Investment Disclaimer: Analysis based on RM3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Neave Crescent, Romford, RM3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,164
Based on a loan of £450,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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